Cost Of Living in Iquitos 2024

Average monthly spending for singles, couples, students, and families in Iquitos

Whether you're living in Iquitos or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

9,400 PEN

per month
$2,500

720 PEN   $190
$25,000   94,000 PEN

Single

6,500 PEN

per month
$1,700

2,200 PEN   $570
$11,000   43,000 PEN

Couple

11,000 PEN

per month
$2,900

3,600 PEN   $960
$15,000   58,000 PEN

Family

14,000 PEN

per month
$3,800

5,100 PEN   $1,300
$21,000   80,000 PEN

Student

4,400 PEN

per month
$1,200

1,800 PEN   $460
$2,100   7,900 PEN
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Iquitos is 6,500 PEN. Expenses can range from 2,200 PEN at the minimum level to 43,000 PEN at the highest end.


Couples

The average monthly spending of couples in Iquitos is 11,000 PEN. Expenditure can range from 3,600 PEN to 58,000 PEN per month.


Families

The average cost of living for families in Iquitos is 14,000 PEN per month. Families spend anywhere from 5,100 PEN to 80,000 PEN.


Students

The average monthly expenditure for students in Iquitos is 4,400 PEN. Students spend from 1,800 PEN to 7,900 PEN per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.

Prices and cost of goods and services in Iquitos


Dining, food, and beverages costs


Large bottle of water
1.3 PEN 1.4 PEN 1.7 PEN
MINIMUM AVERAGE MAXIMUM
$0.33 $0.38 $0.44
Fast food combo meal
11 PEN 21 PEN 36 PEN
MINIMUM AVERAGE MAXIMUM
$2.8 $5.7 $9.5
Restaurant meal for one
34 PEN 51 PEN 100 PEN
MINIMUM AVERAGE MAXIMUM
$9 $14 $27
Fine dining meal for one
68 PEN 100 PEN 410 PEN
MINIMUM AVERAGE MAXIMUM
$18 $27 $110
Soda or Soft Drink
1.5 PEN 1.8 PEN 2.1 PEN
MINIMUM AVERAGE MAXIMUM
$0.41 $0.47 $0.57
Cappuccino or latte
9 PEN 14 PEN 21 PEN
MINIMUM AVERAGE MAXIMUM
$2.4 $3.8 $5.7

Grocery and market costs


Milk large bottle
7.2 PEN 8.6 PEN 11 PEN
MINIMUM AVERAGE MAXIMUM
$1.9 $2.3 $2.8
Loaf of bread
1.3 PEN 1.5 PEN 1.7 PEN
MINIMUM AVERAGE MAXIMUM
$0.34 $0.39 $0.45
12 eggs
5.4 PEN 7.2 PEN 11 PEN
MINIMUM AVERAGE MAXIMUM
$1.4 $1.9 $2.8
Fresh whole chicken
12 PEN 16 PEN 22 PEN
MINIMUM AVERAGE MAXIMUM
$3.2 $4.2 $5.9
Beef 1 kg or 1 lb
14 PEN 21 PEN 43 PEN
MINIMUM AVERAGE MAXIMUM
$3.8 $5.7 $11
Rice 1 kg or 1 lb
5.8 PEN 7.9 PEN 11 PEN
MINIMUM AVERAGE MAXIMUM
$1.5 $2.1 $3
Tomato 1 kg or 1 lb
2.1 PEN 2.9 PEN 5.4 PEN
MINIMUM AVERAGE MAXIMUM
$0.57 $0.76 $1.4
Apples 1 kg or 1 lb
3.8 PEN 5 PEN 8.3 PEN
MINIMUM AVERAGE MAXIMUM
$1 $1.3 $2.2

Commute, travel, and transportation costs


20 minutes taxi ride
8.5 PEN 10 PEN 20 PEN
MINIMUM AVERAGE MAXIMUM
$2.3 $2.7 $5.4
Average car full tank
54 PEN 72 PEN 140 PEN
MINIMUM AVERAGE MAXIMUM
$14 $19 $38
Average car 1-day rental
49 PEN 65 PEN 97 PEN
MINIMUM AVERAGE MAXIMUM
$13 $17 $26
Average car price
27,000 PEN 54,000 PEN 72,000 PEN
MINIMUM AVERAGE MAXIMUM
$7,100 $14,000 $19,000
Bus ticket one way
1.6 PEN 2.4 PEN 4.9 PEN
MINIMUM AVERAGE MAXIMUM
$0.43 $0.64 $1.3
Car Service
65 PEN 97 PEN 190 PEN
MINIMUM AVERAGE MAXIMUM
$17 $26 $52

Utility cost (monthly)


Utility Bill - Individual
130 PEN 390 PEN 2,600 PEN
MINIMUM AVERAGE MAXIMUM
$34 $100 $690
Utility Bill - Couple
180 PEN 540 PEN 2,900 PEN
MINIMUM AVERAGE MAXIMUM
$48 $140 $770
Utility Bill - Family
150 PEN 430 PEN 2,400 PEN
MINIMUM AVERAGE MAXIMUM
$40 $110 $630
Internet and cable
54 PEN 110 PEN 140 PEN
MINIMUM AVERAGE MAXIMUM
$14 $28 $38
Mobile phone charges
43 PEN 72 PEN 210 PEN
MINIMUM AVERAGE MAXIMUM
$11 $19 $57

Leisure and activities costs


Movie ticket
27 PEN 36 PEN 54 PEN
MINIMUM AVERAGE MAXIMUM
$7.1 $9.5 $14
One month gym membership
78 PEN 97 PEN 190 PEN
MINIMUM AVERAGE MAXIMUM
$21 $26 $52

Cloths and accessories costs


Pair of jeans or pants
57 PEN 81 PEN 120 PEN
MINIMUM AVERAGE MAXIMUM
$15 $21 $32
Woman dress
54 PEN 75 PEN 240 PEN
MINIMUM AVERAGE MAXIMUM
$14 $20 $64
Woman shoes
51 PEN 70 PEN 160 PEN
MINIMUM AVERAGE MAXIMUM
$14 $18 $43
Men's shoes
44 PEN 54 PEN 110 PEN
MINIMUM AVERAGE MAXIMUM
$12 $14 $29
Men suit
49 PEN 61 PEN 320 PEN
MINIMUM AVERAGE MAXIMUM
$13 $16 $86
Regular t-shirt
24 PEN 32 PEN 97 PEN
MINIMUM AVERAGE MAXIMUM
$6.4 $8.6 $26

Housing costs / monthly rent


Studio apartment
810 PEN 1,200 PEN 3,200 PEN
MINIMUM AVERAGE MAXIMUM
$210 $320 $860
1-bedroom apartment
1,200 PEN 1,900 PEN 4,900 PEN
MINIMUM AVERAGE MAXIMUM
$320 $520 $1,300
2-bedroom apartment
1,600 PEN 2,400 PEN 6,500 PEN
MINIMUM AVERAGE MAXIMUM
$430 $640 $1,700

Housing costs / Buying


Studio apartment
160,000 PEN 240,000 PEN 490,000 PEN
MINIMUM AVERAGE MAXIMUM
$43,000 $64,000 $130,000
1-bedroom apartment
190,000 PEN 320,000 PEN 1.2M PEN
MINIMUM AVERAGE MAXIMUM
$52,000 $86,000 $320,000
2-bedroom apartment
320,000 PEN 970,000 PEN 1.9M PEN
MINIMUM AVERAGE MAXIMUM
$86,000 $260,000 $520,000

Furniture Costs


King Size Bed
1,100 PEN 1,300 PEN 1,800 PEN
MINIMUM AVERAGE MAXIMUM
$280 $360 $470
Double Bed
720 PEN 1,100 PEN 1,300 PEN
MINIMUM AVERAGE MAXIMUM
$190 $280 $360
Single Bed
630 PEN 830 PEN 1,100 PEN
MINIMUM AVERAGE MAXIMUM
$170 $220 $280
Living Room
1,200 PEN 1,500 PEN 5,400 PEN
MINIMUM AVERAGE MAXIMUM
$320 $410 $1,400
Dining Table
540 PEN 720 PEN 1,300 PEN
MINIMUM AVERAGE MAXIMUM
$140 $190 $360
Sofa or Couch
720 PEN 980 PEN 2,100 PEN
MINIMUM AVERAGE MAXIMUM
$190 $260 $570

Electronics and House Appliance Costs


TV Set
720 PEN 1,100 PEN 2,100 PEN
MINIMUM AVERAGE MAXIMUM
$190 $280 $570
Fridge or Freezer
630 PEN 980 PEN 1,300 PEN
MINIMUM AVERAGE MAXIMUM
$170 $260 $360
Washing Machine
830 PEN 1,200 PEN 2,100 PEN
MINIMUM AVERAGE MAXIMUM
$220 $320 $570
Stove or Cooker
770 PEN 980 PEN 1,300 PEN
MINIMUM AVERAGE MAXIMUM
$200 $260 $360
Mobile Phone
900 PEN 1,100 PEN 1,500 PEN
MINIMUM AVERAGE MAXIMUM
$240 $280 $410
Laptop or Computer
980 PEN 1,200 PEN 2,100 PEN
MINIMUM AVERAGE MAXIMUM
$260 $320 $570

Expenditure to Income Ratio in Iquitos

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.


Spending to Income Ratio

73%

65% to 80%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%4%
50% - 60%9%
60% - 70%15%
70% - 80%25%
80% - 90%20%
90% - 100%11%
100% - 110%6%
110% - 120%4%
120% - 130%3%
130% - 140%2%
> 140%2%

Interpretation and Analysis

The average spending-to-salary ratio in Iquitos is 73% This means that on average, people spend around 73% of their income for living. According to the distribution table, 15% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
65%
Spending-Income-Ratio
58%
72%

Couple
69%
Spending-Income-Ratio
62%
77%

Family
76%
Spending-Income-Ratio
68%
85%

How do people spend their money in Iquitos?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing Expenditure23%

23% of total expenses on average (12% to 31%)

LOW$57   220 PEN
AVERAGE$750   2,800 PEN
HIGH$7,500   28,000 PEN
Per Month

People living in Iquitos typically spend from 12% to 31% of their total monthly expenditure on housing with 23% being the average. The average spend on housing is 2,800 PEN with expenditure ranging from 220 PEN to 28,000 PEN. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water8%

8% of total expenses on average (5% to 12%)

LOW$9.6   36 PEN
AVERAGE$120   470 PEN
HIGH$1,200   4,700 PEN
Per Month

Utility expenditure like electricity, water, and gas in Iquitos ranges from 5% to 12% of total expenses with 8% being the average. The average monthly cost of utilities is 470 PEN with 36 PEN and 4,700 PEN being the upper and lower limits.

Transport, Fuel, Commute7%

7% of total expenses on average (3% to 11%)

LOW$19   72 PEN
AVERAGE$250   940 PEN
HIGH$2,500   9,400 PEN
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 72 PEN to 9,400 PEN on commuting with 940 PEN being the norm for most people in one month. This means that money spent on transport constitutes about 7% of total spending on average but can go as low as 3% or as high as 11%.

Food and Groceries Cost28%

28% of total expenses on average (20% to 34%)

LOW$48   180 PEN
AVERAGE$620   2,300 PEN
HIGH$6,200   23,000 PEN
Per Month

The average outlay on groceries in a month in Iquitos is 2,300 PEN. The cost of groceries can range between 180 PEN to 23,000 PEN. People spend on average about 28% on food and groceries with upper and lower bounds of 20% and 34% respectively.

Healthcare and Medical Services10%

10% of total expenses on average (5% to 13%)

LOW$13   51 PEN
AVERAGE$170   660 PEN
HIGH$1,700   6,600 PEN
Per Month

People in Iquitos allocate 5% to 13% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 10%. The range of medical expenses range from 51 PEN to 6,600 PEN with 660 PEN being the norm.

Leisure and Shopping4%

4% of total expenses on average (2% to 8%)

LOW$7.7   29 PEN
AVERAGE$100   380 PEN
HIGH$1,000   3,800 PEN
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 29 PEN to 3,800 PEN with 380 PEN being the average. Speaking of percentages, that equates to 2% to 8% of total expenses with an average of 4% for most residents.

Education and Schooling5%

5% of total expenses on average (3% to 11%)

LOW$11   43 PEN
AVERAGE$150   560 PEN
HIGH$1,500   5,600 PEN
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 5% of the monthly expenditure with 3% and 11% being the lower and upper bounds respectively. The average reported education cost is 560 PEN per month with 43 PEN being the minimum spent amount and 5,600 PEN being the maximum.

Other Expenses14%

14% of total expenses on average (9% to 21%)

LOW$25   94 PEN
AVERAGE$320   1,200 PEN
HIGH$3,200   12,000 PEN
Per Month

How much money can you save in Iquitos every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.

What percentage of people in Iquitos manage to save money from their income every month?


Saving Money
55%
Not Saving
45%

Almost 55% of the surveyed people in Iquitos said that they can save some money at the end of each month while 45% said that aren't saving anything.

Percentage of people saving money by population group in Iquitos

GroupSaversNon Savers
Singles55%45%
Couples51%49%
Families47%53%

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


Saving to Income Ratio

10% 18% of income 28%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

250 PEN
$66		 3,300 PEN
$860		 33,000 PEN
$8,600
MINIMUM AVERAGE MAXIMUM

For most people, 10% to 28% of their monthly income is what they can allocate to their savings, with 18% being the average. The amount of money that people can save is approximately 3,300 PEN on average with savings ranging from 250 PEN to 33,000 PEN.

55% of surveyed singles reported some of their income going to savings while 51% of couples said the same. 47% of families confirmed their ability to save money.

How much money do people actually save in Iquitos?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.


Singles

Saving to Income Ratio

13% 22% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

750 PEN
$200		 2,300 PEN
$600		 15,000 PEN
$4,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%32%
10% - 20%25%
20% - 30%16%
30% - 40%13%
40% - 50%10%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 13% to 29% of their monthly income to savings, with 22% being the average for most singles. The average amount of money that singles are able to save is 2,300 PEN with 750 PEN and 15,000 PEN being the minimum and maximum respectively.

Couples

Saving to Income Ratio

11% 20% of income 29%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,300 PEN
$330		 3,800 PEN
$990		 20,000 PEN
$5,300
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%36%
10% - 20%27%
20% - 30%19%
30% - 40%8%
40% - 50%7%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 11% to 29% of their monthly income, with 20% being the average for most couples. The average amount of money that couples can save is 3,800 PEN with 1,300 PEN and 20,000 PEN being the minimum and maximum respectively.

Families

Saving to Income Ratio

10% 17% of income 26%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,800 PEN
$460		 5,000 PEN
$1,300		 28,000 PEN
$7,300
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%39%
10% - 20%30%
20% - 30%20%
30% - 40%5%
40% - 50%4%
> 50%2%

Interpretation and Analysis

Families in Iquitos can save anywhere between 10% to 26% of their monthly income, with 17% being the average for most families. The average amount of money that families can put aside is 5,000 PEN with 1,800 PEN and 28,000 PEN being the minimum and maximum respectively.

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Affordable living in Iquitos

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Iquitos?


Yes
55%
No
45%

Around 55% of surveyed residents think that living in Iquitos is affordable with proper budgeting while 45% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Iquitos

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options52%

Few low-cost options48%


Based on the survey, 52% of the people living in Iquitos have no problem finding low-cost alternatives to support a frugal lifestyle while 48% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Iquitos whether they have an emergency fund and the answers were as follows.

Yes55%

No45%


Based on the survey, 45% of the people living in Iquitos said that they don't have an emergency fund while 55% said that they do.

Financial Literacy in Peru

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy59%


We asked residents of Peru whether they acquired any adequate personal financial training in their lives. Approximately 41% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 59% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Peru have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 31% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 69% said that they have everything under control.

Struggles with finance31%

Easily manages finances69%

Financial goals of people in Iquitos

In an attempt to understand the economic situation in Iquitos, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund8%
Debt Reduction43%
Retirement Savings10%
Education Funding7%
Homeownership18%
Investing6%
Travel or Lifestyle6%
Healthcare Expenses14%
Financial Independence5%

Around 8% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 43% said their number one priority is to pay off high-interest debt or loans and improve credit. 10% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 7% reported that their priority is saving for the tuition fees and education costs of their children while 18% choose to buy a home or pay off existing mortgage before other things. 6% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 6% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 14% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Saving Challenges in Iquitos

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Iquitos. Listed below are the answers given by the survey participants.


Reason% People
Low Income5%
High Expenses8%
Debt and Loans13%
Lack of Budgeting Skills12%
Impulsive Spending12%
Financial Emergencies7%
Living the moment5%
Will do it later21%
Inflation13%
Social Pressure3%
Market Instability2%

Around 5% of the people said that their salary is too low to accommodate a portion for savings while 8% said that the high cost of living leaves little room for savings. 13% of the residents said that they are burdened with debt and find it challenging to save money. 12% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 12% blamed impulsive spending as the reason for saving inability. Around 7% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 5% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 21% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 13% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or societal expectations makes them overspend. Lastly, 2% blamed market instability and price fluctuations.

Typical saving choices for people in Iquitos

Where do people choose to put their savings?


Saving Type% People
Emergency Funds12%
Gold13%
Savings Accounts17%
Retirement Accounts10%
Cash Savings21%
Real Estate9%
Investment5%
Stocks4%
Bonds5%
Mutual Funds2%
Certificates of Deposit3%

Retirement, pension plans, and life after work in Iquitos

What does the retirement lifestyle look like in Iquitos and how much retirement savings are required?

Retirement age

The retirement age for most employees in Peru is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Iquitos:
AgeAmount
2525,000 PEN
3051,000 PEN
3589,000 PEN
40130,000 PEN
45190,000 PEN
50270,000 PEN
55320,000 PEN
60390,000 PEN
65470,000 PEN

Retirement Income Distribution

We asked residents of Iquitos about their retirement income sources and below are the results.

Source% People
Pensions12%
Savings23%
Investments12%
Social Security7%
Annuities7%
Part-time Job15%
Real Estate18%
Dividends and Interest7%

Retirement Monthly Expenses in Iquitos

1,600 PEN
$420		 4,800 PEN
$1,300		 32,000 PEN
$8,400
MINIMUM AVERAGE MAXIMUM

Debt, loans, and mortgages in Iquitos


Percentage of people who are in debt


In Debt
21%
Debt Free
79%

According to the survey, 21% of the people in Iquitos have some kind of debt, loan, mortgage, or credit card payments while 79% reported that they don't have financial obligations to banks.


Debt-to-income ratio in Iquitos

Debt to income ratio

25%

17% to 33%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 25% of the people's monthly income in Iquitos goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%18%
40% - 50%15%
30% - 40%17%
20% - 30%10%
10% - 20%12%
0% - 10%25%

According to our data, 3% of the debtors in Iquitos pay 60%+ of their income as debt settlement while 18% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 15% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 17% dedicated 30% to 40% of income for same. Things are looking brighter for 10% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Iquitos

Debt% People
Real Estate Mortgage8%
Auto Loan15%
Student Loan4%
Credit Card30%
Personal Loan43%

8% of debtors in Iquitos confirm that real estate mortgages constitutes the main part of their outstanding debt while 30% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 15% of people and personal loans rose at 43%. Lastly, student loans are the main source of debt for 4% of debtors in Iquitos.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.

Loan Affordability Index in Iquitos

Besides measuring the loan-to-income ratio, we asked residents of Iquitos how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never50%
Once a year24%
Twice a year13%
Three times a year9%
Four times a year4%

Housing costs, accommodation, and housing affordability in Iquitos

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Iquitos

Monthly Rent Prices

Studio apartment
810 PEN 1,200 PEN 3,200 PEN
MINIMUM AVERAGE MAXIMUM
$210 $320 $860
1-bedroom apartment
1,200 PEN 1,900 PEN 4,900 PEN
MINIMUM AVERAGE MAXIMUM
$320 $520 $1,300
2-bedroom apartment
1,600 PEN 2,400 PEN 6,500 PEN
MINIMUM AVERAGE MAXIMUM
$430 $640 $1,700
3-bedroom apartment
1,900 PEN 3,200 PEN 8,800 PEN
MINIMUM AVERAGE MAXIMUM
$520 $860 $2,300
Furnished apartment
3,900 PEN 9,700 PEN 19,000 PEN
MINIMUM AVERAGE MAXIMUM
$1,000 $2,600 $5,200
Townhouse
3,200 PEN 4,900 PEN 14,000 PEN
MINIMUM AVERAGE MAXIMUM
$860 $1,300 $3,700
House
3,900 PEN 9,700 PEN 19,000 PEN
MINIMUM AVERAGE MAXIMUM
$1,000 $2,600 $5,200
Villa
4,900 PEN 12,000 PEN 19,000 PEN
MINIMUM AVERAGE MAXIMUM
$1,300 $3,200 $5,200

The monthly rental cost of a studio apartment in Iquitos ranges between 810 PEN and 3,200 PEN, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 1,200 PEN to 4,900 PEN. Two-bedroom rentals rate ranges between 1,600 PEN and 6,500 PEN per month. The monthly rental for a three-bedroom apartment ranges from 1,900 PEN to 8,800 PEN. The average rent of a townhouse in Iquitos is around 4,900 PEN while house rental costs can be as high as 9,700 PEN per month. Finally, if you want to rent a villa, expect to pay anywhere from 4,900 PEN to 19,000 PEN per month.



Apartment and house prices in Iquitos

Cost of buying a property

Studio apartment
160,000 PEN 240,000 PEN 490,000 PEN
MINIMUM AVERAGE MAXIMUM
$43,000 $64,000 $130,000
1-bedroom apartment
190,000 PEN 320,000 PEN 1.2M PEN
MINIMUM AVERAGE MAXIMUM
$52,000 $86,000 $320,000
2-bedroom apartment
320,000 PEN 970,000 PEN 1.9M PEN
MINIMUM AVERAGE MAXIMUM
$86,000 $260,000 $520,000
3-bedroom apartment
1.1M PEN 1.6M PEN 4.9M PEN
MINIMUM AVERAGE MAXIMUM
$290,000 $430,000 $1.3M
Townhouse
1.4M PEN 3.2M PEN 12M PEN
MINIMUM AVERAGE MAXIMUM
$370,000 $860,000 $3.2M
House
1.6M PEN 9.7M PEN 14M PEN
MINIMUM AVERAGE MAXIMUM
$430,000 $2.6M $3.7M
Villa
1.9M PEN 11M PEN 16M PEN
MINIMUM AVERAGE MAXIMUM
$520,000 $2.9M $4.3M

The average price of a studio apartment in Iquitos can range from 160,000 PEN to 490,000 PEN depending on location. One bedroom cost can be anywhere from 190,000 PEN to 1.2M PEN. A villa can cost you 11M PEN on average with prices ranging from 1.9M PEN to 16M PEN.


If you're leasing or purchasing, housing costs in Iquitos will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


35 x101 monthly income 182
MINIMUM AVERAGE MAXIMUM

Property prices in Iquitos can be x101 to x182 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x101 multiples of the average monthly salary in Iquitos.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


19% 28% of income 36%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Iquitos is around 28%. This means that people pay 28% of their income for rent. Those figures can range from 19% to 36% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
26%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.1%
AVERAGE
3.1%
TO
4%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


14 PEN 190 PEN 1,900 PEN
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.


SingleSpending habits, consumption analysis, and expenditure patterns for a single person living in Iquitos

Housing29%

29% of total expenses on average (17% to 41%)

LOW$210   780 PEN
AVERAGE$620   2,300 PEN
HIGH$4,100   16,000 PEN
Per Month

Utilities, Electricity, Water9%

9% of total expenses on average (5% to 14%)

LOW$34   130 PEN
AVERAGE$100   390 PEN
HIGH$690   2,600 PEN
Per Month

Transport, Fuel5%

5% of total expenses on average (3% to 11%)

LOW$46   170 PEN
AVERAGE$140   520 PEN
HIGH$920   3,500 PEN
Per Month

Food and Groceries19%

19% of total expenses on average (13% to 24%)

LOW$92   350 PEN
AVERAGE$280   1,000 PEN
HIGH$1,800   6,900 PEN
Per Month

Healthcare12%

12% of total expenses on average (6% to 16%)

LOW$52   200 PEN
AVERAGE$160   590 PEN
HIGH$1,000   3,900 PEN
Per Month

Leisure, Shopping2%

2% of total expenses on average (2% to 5%)

LOW$29   110 PEN
AVERAGE$86   330 PEN
HIGH$570   2,200 PEN
Per Month

Education1%

1% of total expenses on average (0.00% to 3%)

LOW$11   43 PEN
AVERAGE$34   130 PEN
HIGH$230   870 PEN
Per Month

Other Expenses22%

22% of total expenses on average (14% to 26%)

LOW$100   390 PEN
AVERAGE$310   1,200 PEN
HIGH$2,100   7,800 PEN
Per Month


CoupleAverage monthly living expenditure breaks and spending patterns for couples in Iquitos

Housing26%

26% of total expenses on average (19% to 36%)

LOW$320   1,200 PEN
AVERAGE$950   3,600 PEN
HIGH$5,100   19,000 PEN
Per Month

Utilities, Electricity, Water8%

8% of total expenses on average (6% to 12%)

LOW$48   180 PEN
AVERAGE$140   540 PEN
HIGH$770   2,900 PEN
Per Month

Transport, Fuel9%

9% of total expenses on average (3% to 14%)

LOW$110   430 PEN
AVERAGE$340   1,300 PEN
HIGH$1,800   6,900 PEN
Per Month

Food and Groceries17%

17% of total expenses on average (12% to 22%)

LOW$130   510 PEN
AVERAGE$400   1,500 PEN
HIGH$2,100   8,100 PEN
Per Month

Healthcare14%

14% of total expenses on average (8% to 18%)

LOW$110   400 PEN
AVERAGE$320   1,200 PEN
HIGH$1,700   6,400 PEN
Per Month

Leisure, Shopping3%

3% of total expenses on average (1% to 6%)

LOW$57   220 PEN
AVERAGE$170   650 PEN
HIGH$920   3,500 PEN
Per Month

Education1%

1% of total expenses on average (0.00% to 3%)

LOW$19   72 PEN
AVERAGE$57   220 PEN
HIGH$310   1,200 PEN
Per Month

Other Expenses21%

21% of total expenses on average (15% to 27%)

LOW$160   610 PEN
AVERAGE$490   1,800 PEN
HIGH$2,600   9,800 PEN
Per Month


FamilyAverage monthly expenses and break out of spending for families living in Iquitos

Housing25%

25% of total expenses on average (20% to 35%)

LOW$430   1,600 PEN
AVERAGE$1,200   4,600 PEN
HIGH$6,700   25,000 PEN
Per Month

Transport, Fuel5%

5% of total expenses on average (3% to 7%)

LOW$110   400 PEN
AVERAGE$310   1,200 PEN
HIGH$1,700   6,400 PEN
Per Month

Food and Groceries21%

21% of total expenses on average (14% to 27%)

LOW$240   910 PEN
AVERAGE$690   2,600 PEN
HIGH$3,800   14,000 PEN
Per Month

Healthcare11%

11% of total expenses on average (7% to 16%)

LOW$110   400 PEN
AVERAGE$310   1,200 PEN
HIGH$1,700   6,400 PEN
Per Month

Leisure, Shopping2%

2% of total expenses on average (1% to 6%)

LOW$67   250 PEN
AVERAGE$190   720 PEN
HIGH$1,100   4,000 PEN
Per Month

Education13%

13% of total expenses on average (6% to 21%)

LOW$190   710 PEN
AVERAGE$540   2,000 PEN
HIGH$2,900   11,000 PEN
Per Month

Other Expenses16%

16% of total expenses on average (9% to 21%)

LOW$160   610 PEN
AVERAGE$460   1,700 PEN
HIGH$2,500   9,500 PEN
Per Month


StudentCost of living and expenses break down for students living in Iquitos

Housing17%

17% of total expenses on average (12% to 23%)

LOW$110   420 PEN
AVERAGE$280   1,100 PEN
HIGH$500   1,900 PEN
Per Month

Utilities, Electricity, Water7%

7% of total expenses on average (5% to 11%)

LOW$19   70 PEN
AVERAGE$46   180 PEN
HIGH$83   320 PEN
Per Month

Transport, Fuel4%

4% of total expenses on average (4% to 10%)

LOW$32   120 PEN
AVERAGE$81   310 PEN
HIGH$150   550 PEN
Per Month

Food and Groceries23%

23% of total expenses on average (17% to 27%)

LOW$93   350 PEN
AVERAGE$230   880 PEN
HIGH$420   1,600 PEN
Per Month

Healthcare9%

9% of total expenses on average (6% to 12%)

LOW$28   110 PEN
AVERAGE$70   260 PEN
HIGH$130   470 PEN
Per Month

Leisure, Shopping2%

2% of total expenses on average (2% to 6%)

LOW$23   88 PEN
AVERAGE$58   220 PEN
HIGH$100   390 PEN
Per Month

Education18%

18% of total expenses on average (11% to 23%)

LOW$88   330 PEN
AVERAGE$220   830 PEN
HIGH$400   1,500 PEN
Per Month

Other Expenses19%

19% of total expenses on average (13% to 25%)

LOW$70   260 PEN
AVERAGE$170   660 PEN
HIGH$310   1,200 PEN
Per Month
Peru»Iquitos
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